Klein is so anxious to prove that all capitalism is bad, even, on occasion, relying on torture to get its way, that she never allows for the possibility that markets can deliver beneficial results. Or that the demand for markets comes from the bottom up, as it did in China between 1980 and 1983. Nor, in her account of the shock treatment of the former communist Eastern Europe, does she explain why some countries - the Baltic republics and the Czech Republic - have done so much better than others.

Most of the book is a button-pressing, emotionally laden, whirlwind tour of global events over the last 30 years: Katrina, the invasion of Iraq, torture in Chile, the massacre in Tiananmen Square, the collapse of the Soviet Union, and the September 11, 2001, terrorist attacks. The book offers not so much an argument but rather a Dadaesque juxtaposition of themes and supposedly parallel developments in the global market. Above the excited recitation stands Milton Friedman as the überdemon of the march toward global tyranny and squalor.

If you can manage to read Klein, you need read no more. Learn her way of thinking and you'll not be required to think again. She delivers a packaged one-size-fits-all theory of history that shares just one attribute with Marxism: When you have absorbed Klein you will in future always know the answer before you know the question.

There is not a single word of criticism in this review. Not one. At one point he does note that “she’s not an economist but a journalist,” and he similarly says that she “is not an academic and cannot be judged as one.” But one gets the powerful sense that these are actually compliments!

Stiglitz doesn't exactly endorse Klein's analysis, but he repeats without challenging her claim that Milton Friedman shares responsibility for Pinochet's crimes against humanity. Friedman (and Hayek for that matter) had no official advisory role in Chile and it is time that this false charge be dropped. Friedman's account can be found in Two Lucky People (p. 398ff). He went to Chile for 6 days for a series of talks given to representatives of the public, government officials, members of the military, students and faculty. The main topic was the problem of inflation and how to combat it, and only in talks to students and faculty did Friedman depart from the question of monetary policy to address broader themes of economic policy for a free society. He had one meeting where Pinochet was present, and it was conducted through an interpreter and lasted only 45 minutes. Friedman did not design any policies for Chile, nor was he a close advisor to the General. He spoke plain truth about monetary policy and the need to fight inflation, and he talked to students about the dangers of socialism and collectivism and the benefits of a free market economy.

As an update, let me be more pointed: You are a professor at Harvard Medical School and the world's expert of deadly disease X. The head of a nation experiencing an epidemic of a new disease similar to X calls you for advice. You know how to make a cheap vaccine for this new disease, and you are the only person in the world with this knowledge. Do you offer the secret recipe unconditionally? If not, what conditions have to be met? If the nation head is a tyrannical dictator, would you refuse to help, knowing that letting the epidemic run its course might cause more suffering than the dictator ever did?

Bad books need to be trashed even if you are a fellow traveler, more or less. That is the main point made by Emmanuel in relation to Naomi Klein's The Shock Doctrine, which is a truly bad book. I am glad somebody else thinks so, because I was pretty disheartened by the kid gloves with which Joe Stiglitz handled the book in his own review.

Lõpetuseks väike tsitaat mõne aasta tagant Economistist:

Ms Klein's harshest critics must allow that, for an angry adolescent, she writes rather well. It takes journalistic skill of a high order to write page after page of engaging blather, so totally devoid of substance. What a pity she has turned her talents as a writer to a cause that can only harm the people she claims to care most about. But perhaps it is just a phase.